Warren Steel seeks lower rate to restart

Jun 10, 2014 | 05:45 PM | Michael Cowden

Tags  Warren Steel, Public Utilities Commision of Ohio, PUCO, electricity, power rates, U.S. Steel Optima, steel, Michael Cowden

CHICAGO — Warren Steel Holdings LLC wants to restart and ramp up production to 1 million tons per year, its maximum capacity, if it can wrest a lower power rate from Ohio regulators.

The Warren, Ohio-based electric-arc furnace (EF) steelmaker wants the Public Utilities Commission of Ohio (PUCO) to approve an initial rate of $50 per megawatt hour (MWh), one-third less than the $75 per MWh the company said it was paying before it shut down.

"Without a competitive power rate, Warren Steel does not have a near-term plan to restart operations," the company said in documents filed with PUCO earlier this month, noting that a lower rate was necessary for the "long-term viability" of the plant.....

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